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Clear Channel Deal Wins Approval

July 25, 2008

NEW YORK Clear Channel shareholders Thursday approved the $17.9 billion buyout by Bain Capital and Thomas H. Lee Partners. About 97 percent of the shares voted were cast in favor of the going-private transaction. Read Full Article

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Sirius-XM Merger Nears Approval

July 24, 2008

NEW YORK Seventeen months and a slew of concessions later, the Federal Communications Commission is poised to officially grant permission for the only two U.S. satellite radio operators to merge. Read Full Article

MTV Tr3s' GM to Join 'People en Espanol'

July 24, 2008

NEW YORK Lucia Ballas-Traynor, svp, gm of MTV Tr3s, has been appointed publisher of People en Espanol, Time Inc. Entertainment Group president Paul Caine announced today. Read Full Article

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Nielsen, WKH in Data Venture

July 24, 2008

NEW YORK Wolters Kluwer Health and the Nielsen Co. have formed the Healthcare Consumer Informatics Alliance. The goal is to provide data combinations to make healthcare marketing and media plans more effective. Read Full Article

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NYT Seeks to Control Costs

July 23, 2008

NEW YORK The New York Times Co. will keep turning the screws to tighten costs as the company -- along with every other newspaper player -- tries to weather the economic slump affecting newspaper ad revenue. Read Full Article

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CBS Radio in Web Video Push

July 23, 2008

NEW YORK Moving radio one step closer to a visual medium, CBS Radio said it would launch a new video platform for its stations' Web sites. Read Full Article

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CBS: 46% of TV Audience Watch Net's Shows Online

July 22, 2008

NEW YORK CBS has provided more evidence to support the oft-repeated theory that streaming full-length episodes of prime-time series is mostly additive for broadcast networks and does little to threaten TV viewing. Read Full Article

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Morningstar to Exit the CW for MLB Startup

July 22, 2008

NEW YORK Bill Morningstar, evp, ad sales at the CW, is departing the network, according to sources who say that he is headed for the cable sports net that is being launched by Major League Baseball in January 2009. Read Full Article

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Apple's Latest Guidance Rattles Wall Street

July 22, 2008

NEW YORK Apple blew past quarterly earnings expectations and sold far more iPods than many had predicted only to see its stock plunge as much as 11 percent in after-hours trading Monday. Read Full Article

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NBCU 90% Sold Out of Olympics Ad Inventory

July 21, 2008

NEW YORK NBC Sports sales today said NBCU TV networks are 90 percent sold out of their Summer Olympics ad inventory, having sold $900 million worth of ad time. Reaching $1 billion would break previous sales records for Olympics telecasts. Read Full Article

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Court Tosses Out CBS Indecency Fine

July 21, 2008

PHILADELPHIA A federal appeals court on Monday threw out a $550,000 indecency fine against CBS Corp. for the 2004 Super Bowl halftime show that ended with Janet Jackson's breast-baring "wardrobe malfunction." Read Full Article

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Inside OMD's Reorganization

July 21, 2008

NEW YORK A little more than two months ago, Intel awarded its $300 million media account to Omnicom's OMD. During the pitch, Page Thompson (shown), OMD's North American CEO, presented the shop's new approach to doing business, the result of a complete overhaul of the agency's operations. Read Full Article

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Titans Clash in Court Over 'Project Runway'

July 17, 2008

NEW YORK Jeff Zucker, president and CEO of NBC Universal, and Harvey Weinstein, co-chairman of The Weinstein Co. (TWC), offered colorful and conflicting testimony Thursday at a hearing in New York State Supreme Court -- the first public skirmish in their dispute over the hit Bravo program Project Runway. Read Full Article

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Is the Super Bowl Still a Strong Ad Buy?

July 16, 2008

NEW YORK In a weakened U.S. economy is advertising in the Super Bowl worth the investment? Research undertaken by the National Football League says (an unsurprising) yes, though others caution it may not be a good play for many advertisers. Read Full Article

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NBC Eyes Olympic Sales Record

July 15, 2008

NEW YORK With the opening ceremony of the Beijing Olympics less than a month away, NBC Universal is close to earning a gold medal of its own. It's likely that NBCU will rake in north of $1 billion in ad revenue. Read Full Article

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The Clamor for Commercial Ratings

July 14, 2008

NEW YORK Back in April, MTV media shop MindShare and its client Unilever co-produced a microseries starring Alicia Keys (shown) designed to support the launch of a new Dove body-wash product called Go Fresh. The series, which aired in commercial pods during episodes of MTV's hit series, The Hills, did something that traditional commercials on MTV (and many other cable channels for that matter) rarely did in the past: It retained between 93 percent and 100 percent of its program audience. Read Full Article

Will Editors Bend for Advertising Dollars?

July 14, 2008

NEW YORK Advertisers are putting the heat on publishers to cross the church-state DMZ. Read Full Article

WPP Continues With Its Pursuit of TNS

July 14, 2008

NEW YORK Agency competitors of WPP have worried for years about possible conflicts of interest arising from the holding company's acquisition of market research assets, such as Millward Brown and Kantar. They've wondered privately if WPP agencies get better pricing for their services. Read Full Article

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Studios, SAG Still Can't Agree

July 11, 2008

LOS ANGELES After a five-hour meeting between the Screen Actors Guild and the studios Thursday, Hollywood is basically back where it started when talks began on April 15: without a new actors contract. The studios said Thursday that SAG officially rejected their final offer. The guild insists that just isn't so. Read Full Article

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Hispanic Ad Spend Up 3% in '07

July 11, 2008

NEW YORK Ad spending in Spanish-language media reached $5.78 billion in 2007, up 3 percent from $5.63 billion in 2006, with cable TV showing a 76 percent jump, buoyed by the addition of Fox Sports en Espanol and Telemundo's mun2 as measured media. Read Full Article

Magazine Ad Pages Fall 7.4% in First Half

July 11, 2008

NEW YORK Magazine ad-page and revenue declines have worsened as the year has progressed, with the continued economic downturn prompting marketers to cut spending, particularly in the pharmaceutical and cosmetics categories. Read Full Article

Guardian Acquires ContentNext Media

July 11, 2008

NEW YORK In a bid to expand its U.S. footprint, British publisher Guardian News & Media acquired ContentNext Media, the online media hub best known for its flagship PaidContent.org. Read Full Article

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TargetCast: Prime Ad Rates Dip 11%

July 10, 2008

NEW YORK An analysis by independent media agency TargetCast shows the average cost per unit for a prime-time commercial on the broadcast television networks in the second quarter declined by 11 percent. Read Full Article

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'Big Brother' Branches Out

July 10, 2008

NEW YORK When the CBS summer reality show Big Brother returns to the air beginning July 13, it will include a redesigned Big Brother Web site on CBS.com, as well as other expanded multimedia elements. Read Full Article

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Could AMC's Buzz Boost 'Mad Men'?

July 10, 2008

LOS ANGELES Mad Men creator Matthew Weiner hopes for bigger ratings for the ad-agency drama this season in the wake of cable net AMC's growing popularity. Read Full Article

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